The Swiss Colony Selects VendorNet to Automate Communications with Suppliers Eliminating The Need For Multi-Year, In-house Development Project

Delray Beach, FL., November 1, 2004 – VendorNet, a supply chain collaboration solutions provider, today announced that The Swiss Colony, a 78-year old specialty foods and hard goods catalog and internet retailer is integrating VendorNet Commerce Suite with its in-house order management and purchasing systems.

The Swiss Colony has licensed VendorNet to automate its purchase order communication, processing, fulfillment, shipping, and invoicing for The Swiss Colony, Seventh Avenue, Midnight Velvet, Ginny's, The Tender Filet, Through the Country Door, Monroe & Main, and GrandPointe. VendorNet's integrated technology will augment The Swiss Colony's existing IT system resources. The software will also generate immediate cost savings by eliminating the manual processes currently used to communicate with and manage its extensive network of suppliers.

Marty Allen, Manager of Outside Fulfillment at The Swiss Colony explained, "We were at a growth point where changing how we process and manage our purchase order communication was essential, and we had specific goals we needed to achieve. It was critical that we implement an automated system that would streamline operations across multiple departments. Additionally, we needed a business solution that would allow us to increase our productivity, reduce costs, accommodate future growth, improve communication, and position ourselves to provide more accurate and timely information to our customers. After carefully investigating our options, it became very clear that VendorNet's solution was specifically designed to help retailers like us achieve these goals, with the added benefits of being reasonably priced and quick to implement.”

VendorNet's technology and ease of mapping enabled The Swiss Colony to be in a position to go-live with VendorNet with selected vendors in early September - a mere two and one half months after the signing of the contract. Additionally, a test group of suppliers will go live with VendorNet's Stock PO Manager in November, with a measured roll out to begin after the first of the year. When complete, The Swiss Colony will be automating supply chain processes with over 1,000 vendors.

"If you talk to other retailers in the industry, VendorNet has a great reputation, not only from a product standpoint, but also from a service standpoint, and I have to say it is well deserved. The bottom line is, aside from the incredibly short implementation time to integrate VendorNet's technology; we will see a positive financial impact in numerous areas. We can now continue to grow our network of suppliers without increasing staff to manage them. Shipping and invoicing processes will be streamlined for our vendors with the capability to download UPS and FedEx manifests directly to the VendorNet system. In the future, The Swiss Colony can extend its VendorNet Stock PO capabilities with automated ASNs and three-way invoice matching,” added Allen.

"With 78 years of catalog experience, The Swiss Colony obviously understands what it takes to identify and implement tools to ensure continued business growth and success. We consider it a real tribute to have been selected as its supply chain software solutions provider and look forward to helping The Swiss Colony continue to achieve its goals,” stated Sharon Gardner, President of VendorNet.

About VendorNet
VendorNet delivers web-based supply chain management solutions to multi-channel retailers enabling real-time collaboration with suppliers. Its flagship product, VendorNet Commerce Suite establishes a powerful foundation for solutions that dramatically improve supply chain processes, reduce costs, and strengthen retailer/supplier relationships. Its open and flexible platform enables retailers to electronically link to suppliers regardless of their level of IT sophistication. VendorNet's client base includes leading retail, catalog and e-commerce companies such as Neiman Marcus, FrontGate, Levenger, Gevalia, Hammacher Schlemmer, Red Envelope, Gall's, National Business Furniture, TigerDirect, CompactAppliance.com, and The Wine Enthusiast Company. For more information, visit www.vendornet.com


Contact:
VendorNet
Louisa Rupp
954-767-8228
lrupp@vendornet.com